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Smartphonetak LG remains loss-making

Smartphonetak LG remains loss-making

Photo: NU.nl

The smartphonedivisie of LG again has loss made. That while the company in april its new flagship on the market.

This is evident from quarterly figures, LG.

The telefoontak of the company posted 2,70 trillion won of revenue, converted approximately 2.1 billion euros. There was a loss turned to 132.4 billion won (101 million euro).

In the same quarter last year was a little more loss. When reported, the company a loss of 153,5 billion won.

LG brought in april, the LG G6 on the market, a smartphone with smaller screen borders. According to the smartphonemaker there are in the last quarter, less premiumtelefoons sold than expected. Also would parts have become more expensive.

The techbedrijf wants at the end of August, following vlaggenschiptelefoon introduce at the technology fair IFA.

See also:
Review: Stylish, LG G6 is a huge step forward

Home appliances

LG as a whole saw sales in the last quarter to grow to 14,55 billion won, four percent more than a year earlier. The profit of the company grew by 13.6 percent, to 664,1 billion won.

The figures of LG increased mainly due to the sale of domestic appliances. This division sold 12 percent more products in the previous quarter.

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